CCS Broker and Importer Compliance 2

Question 1

Under 19 CFR Part 111, a customs broker's license may be revoked or suspended for which of the following violations?

Accepted Answer

Transacting customs business while the broker's permit is suspended

Answer

Charging fees above the broker's posted tariff schedule

Answer

Failing to maintain a separate trust account for client funds

Answer

Refusing to represent an importer with a poor compliance history

Question 2

An importer of record must retain entry records for a minimum of how many years from the date of entry?

Accepted Answer

5 years

Answer

2 years

Answer

3 years

Answer

7 years

Question 3

Which document serves as the primary authority granted by an importer to a customs broker to transact business on the importer's behalf?

Accepted Answer

Power of Attorney

Answer

Customs bond (Form 301)

Answer

Entry summary (CBP Form 7501)

Answer

Importer Security Filing (ISF)

Question 4

A customs broker who discovers that a previously filed entry contained a material error is required to:

Accepted Answer

File a prior disclosure before CBP identifies the error to mitigate penalties

Answer

Wait for CBP to discover the error during a focused assessment

Answer

Refile the entire entry with corrected information

Answer

Notify the importer only and take no further action

Question 5

Under the Customs Modernization Act, which party bears the ultimate responsibility for exercising 'reasonable care' in making entry?

Accepted Answer

The importer of record

Answer

The customs broker as the licensed professional

Answer

The freight forwarder arranging transportation

Answer

CBP through its trade compliance programs

Question 6

When a customs broker operates under a continuous bond, the bond amount must be at least what percentage of the duties, taxes, and fees paid in the prior calendar year?

Accepted Answer

10%

Answer

5%

Answer

15%

Answer

20%

Question 7

Which CBP program allows trusted importers to receive expedited release of low-risk shipments in exchange for supply chain security commitments?

Accepted Answer

Customs-Trade Partnership Against Terrorism (C-TPAT)

Answer

Focused Assessment Program (FAP)

Answer

Remote Location Filing (RLF)

Answer

Importer Self-Assessment (ISA)